NZD/USD Multiple Time Frame Technical Analysis:
Forecast Scenario:
1- If the Price Completed the Retest of the 0.605 (- Resistance Level -) and broke below.
2- If the Price broke below the 0.600 (- Support Level-).
-- The Price is supposed to hit the Target Level 1 within the range of 0.592 -- (-- High Risk --)
-- The Price is supposed to hit the Target Level 2 within the range of 0.585 -- (-- Normal Risk --)
Important Observation:
-- The Price Movement in the past few weeks are either SHARP or CONSOLIDATED not a smooth curves which increases the risks significantly.
Trade VERY Wisely
Note:
- These Forecasts are Observational Forecasts, and should not be used in applying any trading strategies.
- No Hedge Funds Analysis were included in the analysis. (-- Please Consider --)
Forecast Scenario:
1- If the Price Completed the Retest of the 0.605 (- Resistance Level -) and broke below.
2- If the Price broke below the 0.600 (- Support Level-).
-- The Price is supposed to hit the Target Level 1 within the range of 0.592 -- (-- High Risk --)
-- The Price is supposed to hit the Target Level 2 within the range of 0.585 -- (-- Normal Risk --)
Important Observation:
-- The Price Movement in the past few weeks are either SHARP or CONSOLIDATED not a smooth curves which increases the risks significantly.
Trade VERY Wisely
Note:
- These Forecasts are Observational Forecasts, and should not be used in applying any trading strategies.
- No Hedge Funds Analysis were included in the analysis. (-- Please Consider --)
Trade active:
First Confirmation.
Position Opened.
Position Opened.